What is DAO Maker and How Does it Work? | KuCoin Crypto Gem Observer

What is DAO Maker and How Does it Work? | KuCoin Crypto Gem Observer

Venture capital has always been a daunting concept. It has long remained the work of large institutions that are largely undeterred by risk. It is no surprise then that a more democratic solution would come from the crypto world.

DAO Maker has been changing the way retail institutions participate in venture capital. Through its funding platform, DAO Maker is recreating venture capital for the masses.


What is DAO Maker?

DAO Maker is the platform for retail ventures looking to invest in equity and tokens. It was initially conceptualized in 2017, before going on to provide low-risk participation frameworks that enable more retail investors and individuals to get involved in venture capital. Both parties - the investors and the start ups - face reduced risk when funding through DAO Maker.

The project has seen great success in being the launchpad for promising crypto projects, with a collective market cap of incubated projects totaling $1,100 million. Numerous projects got their start through DAO Maker, highlighting the potential of the platform.


How Does DAO Maker Work?

The DAO Maker platform works as an incubator for start ups in the crypto realm and beyond to receive the necessary funding to get their project off the ground. Through growth technologies and funding frameworks, it makes it easier and safer for retail investors and individuals alike to get involved with venture capital. 

Through so-called social mining, DAO Maker is able to energize the community to participate in the growth and development of the projects on the platform. It also provides several risk levels to satisfy all risk appetites, greatly expanding the audience. 


Who Created DAO Maker?

DAO Maker has its origins with current CEO Christoph Zaknun. After a profitable run in with Bitcoin Cash, he began to focus his efforts on building his own blockchain development, resulting in the launch of ICO Dog. After having success with the platform, he met with Giorgio Marciano who together with Christoph co-founded DAO Maker.

Prior to this, Christoph was a medical student, having previously studied mechatronics. Meanwhile, Giorgio has over 16 years in software and development behind him. Today, the team consists of more than 20 members.


What is the DAO Token?

DAO is a utility token that is used for rewards and governance, premium access and more. It is used widely and has great benefits for users of DAO Maker. The token distribution is as follows:

  • Token sale 25%
  • Team: 20%
  • Advisors: 5%
  • Foundation: 7%
  • Mergers & Acquisitions: 14%
  • Customer Incentives: 10%
  • DAO-Managed Foundation: 10%
  • Ecosystem Growth: 9%


What is the DAO Token Used For?

As usual, the native token of the platform, DAO, has numerous use cases in the DAO Maker ecosystem. A few examples of its uses include:

Governance is one of the main utilities of DAO. Token holders are able to stake their tokens in order to play a role in the governance of the network. For this, they will earn rewards from the platform fees.

Premium access is also tied to the DAO token. During special occasions such as in demand offerings, DAO holders will get priority, amongst other benefits. Otherwise, it is used for collateral in the lending markets.


Closing Thoughts

DAO Maker has grown to become one of the largest ecosystems of quality retail investors. What this means is that, as more start ups enter the cryptosphere, DAO Maker will remain a top choice.

With DAO Maker’s positive track record, a lot of attention will now be placed on where the platform will progress from where it is now.


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